The following information is available for Bridgeport Corporation for 2022: Beginning inventory $1,104,000 Ending inventory 1,204,000 Cost of goods sold 7,731,800 Sales Calculate the inventory turnover and days in inventory for Bridgeport Corporation. (Round inventory turnover to 2 decimal places, e.g. 52.75 and days in inventory to O decimal places, e.g. 5,275.) Inventory turnover 7,030,000 Days in inventory times days

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The following information is available for Bridgeport Corporation for 2022:
Beginning inventory $1,104,000
Ending inventory
1,204,000
Cost of goods sold
Sales
Inventory turnover
7,731,800
Calculate the inventory turnover and days in inventory for Bridgeport Corporation. (Round inventory turnover to 2 decimal places, e.g.
52.75 and days in inventory to O decimal places, e.g. 5,275.)
Days in inventory
7,030,000
times
days
Transcribed Image Text:The following information is available for Bridgeport Corporation for 2022: Beginning inventory $1,104,000 Ending inventory 1,204,000 Cost of goods sold Sales Inventory turnover 7,731,800 Calculate the inventory turnover and days in inventory for Bridgeport Corporation. (Round inventory turnover to 2 decimal places, e.g. 52.75 and days in inventory to O decimal places, e.g. 5,275.) Days in inventory 7,030,000 times days
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